This will NOT Ship to the USA. Just in case anyone is getting too excited too quickly. Also, with the price volatility of so many of these coins, why would you want to use them as fiat? That would be like using your APPL stock to pay for your Starbucks drinks...
It's a cool idea, and having a "global currency" is a utopian ideal, but I just don't see the reality setting in anytime soon?
Thanks for sharing an interesting concept!
Yeah, I found out the USA was shut out -- for now. Yet another case of our tax laws messing up international finance.
It's more of the Anti-Money Laundering guidelines where "financial institutions" are required to collect lots of personal information in order to "know their customers", which doesn't exactly jive with the Crypto landscape.
Agreed. Still allows Big Brother to watch and track your spending and or trading. We need a new paradigm away from the fiat system, which will take innovation and time.
Exactly so. Some platforms have tiers for traders -- the more money (fiat, that is) you want to move around, the more authentication you have to provide.
As usual, the governments inconvenience honest people to capture the small minority who are crooks and cheaters.
To be fair, if you're truly an honest person, the minor inconvenience for preventing the financing of terrorism shouldn't really concern you.
I see both sides, as a person who doesn't want to share all of my personal information on the internet, and as a person who agrees that institutions have a responsibility to prevent financing of terrorism where possible.
It's unfortunate that we live in a world where so many crooks and cheaters thrive, and the innocent are the ones who frequently suffer the most.
Oh, I agree! But the more you spread your ID around, the more chances it can be stolen or misused.
No USA! So not fair!
I think this is a great idea. You keep your cyrpto until you need it. If coins are rising, you leave your money in and reap. Not so good when they are falling though.